FEATURED ARTICLES ABOUT NAFED - PAGE 5

GUWAHATI: The Planning Commission is trying to rope in National Agriculture Cooperative Marketing Federation of India (Nafed) for marketing horticulture products of the North East. Advisor to the Planning Commission, L Rynjah, who reviewed the scheme of technology mission for integrated development of horticulture in the North East and three Himalayan states of Jammu & Kashmir, Himachal Pradesh and Uttarakhand, felt there was a marketing gap. While horticulture production has increased considerably, marketing of the produces remains the main weakness in the North East.

NEW DELHI: Cooperative major National Agricultural Cooperative Marketing Federation (Nafed) plans to dispose of 53,201 bales of cotton stored in different warehouses in Maharashtra. The cooperative has floated total six tenders depending on the location of warehouses. Bids will close on March 4 and the decision on the tender will be taken on the same day, according to the tender notice published on the website. Traders, authorised brokers, millers and exporters can participate in the bidding process, it said, adding that a bidder should quote for a minimum quantity of 10,000 bales (One bale is equal to 170 kg)

NEW DELHI: With the price of pulses firming up in the domestic markets after Maharashtra imposed storage restrictions and Delhi threatening to follow suit, the National Agricultural Co-operative Marketing Federation of India (Nafed) is gearing up to distribute 49,300 tonnes of imported brad and mooing at 10 centres including Delhi, China, Chanter, Bhubaneshwar, Amritsar and Jaipur. Till September 15, '06, 22,448 tonnes of urad and 318 tonnes of moong have been disposed off by Nafed.

NEW DELHI: It's called the mustard factor, the downside of the bumper oilseed crop, which could mean a Rs 1,000-crore write-off for the Centre this year. The loss being the difference between procurement price last year and current market price. A decision by end-January to offload over 21 lakh-odd tonne of mustard stocks speedily could save the Centre around Rs 4 crore in storage costs. Holding off selling now in the hope of better prices later ? which analysts consider least likely ?

NEW DELHI: National Agricultural Cooperative Marketing Federation of India held a meet with onion importers to help fast clearance of imported stock today in Mumbai. India is expecting arrivals of around 600 tonne of imported onion at Mumbai within the next week, which will further increase supply at a time when its prices are going up. The purpose of the meeting was to understand and resolve issues relating to clearance of imported stock of onion arriving at Jawaharlal Nehru Port Trust, Mumbai, with regards to phyto-sanitary and food security issues.

NEW DELHI: A state agency tasked with deciding on imports of onions from Pakistan to cool soaring domestic prices has deferred the decision on imports, putting it on collision course with the government that is keen on more supplies. Nafed, the nodal agency for buying agricultural commodities in the spot market, said on Thursday that it had deferred a decision on whether to import onions from Pakistan because domestic prices of the vegetable had started to soften. Its announcement came as the government, fearing public anger because of surging prices of vegetables, especially onion, said it was willing to subsidise onion imports to cool prices that had risen to as much as 75 per kg over the past few days.

NEW DELHI: The Delhi High Court today ordered setting up of a special bench to hear Centre's plea seeking recall of a 2010 order that had asked it to bail out ailing NAFED by increasing government's shareholding up to 51 per cent in the society. "We will constitute a bench that will have Justice Manmohan as one of the judges as he was part of the bench that had passed the order in question," a bench of Chief Justice G Rohini and Justice R S Endlaw said. National Agricultural Cooperative Marketing Federation of India Ltd (NAFED)

NEW DELHI: Agriculture cooperative Nafed on Wednesday invited bids for importing 3,000 tonnes of RBD palmolein to be delivered by next month. Bids will close on March 22 and the decision on the tender will be taken on the same day, the cooperative said on its website. "The bids should be made for the entire tender quantity. Parties have an option for quoting additional quantities in multiples of 500 tonnes," Nafed said. Bidders should source RBD palmolein from either Indonesia or Malaysia.

KOLKATA: NAFED today organized a meeting, in Mumbai to understand and resolve issues relating to clearance of imported stock of Onion arriving at JNPT, Mumbai, with regards to phyto-sanitary and food security issues. Chaired by Managing Director (NAFED) Shri Sanjeev Chopra , the meeting was attended by leading onion exporters / importers and senior officials of FSSAI . The meeting covered exhaustively all ground problems being faced by importers and majority of the issues were resolved to the satisfaction of all the stake holders.

NEW DELHI: National Agriculture Co-operative Marketing Federation (Nafed) today reported a net loss of Rs 50.05 crore for 2009-10 fiscal, due to huge interest payment. The turnover, however, rose by 26 per cent to Rs 6,373.31 crore in the last fiscal, against Rs 5,065.04 crore in 2008-09. "We have posted a gross profit of Rs 83.91 crore. Still, we suffered a net loss of over Rs 50 crore as our interest liability to the banks from whom the funds were borrowed for undertaking tie-up business is mounting day by day," Nafed Chairman Bijender Singh said at the 53rd annual general meeting.